Overview
What is Agere Systems Inc Post Retirement Life Insurance Benefit Trust?
Agere Systems Inc Post Retirement Life Insurance Benefit Trust is a nonprofit organization established to offer Life Insurance benefits to eligible retired employees of Agere Systems llc, a subsidiary of avago technologies limited. Their mission is centered around providing financial security and support to retired personnel, ensuring they maintain a certain level of financial stability post-employment.
Is Agere Systems Inc Post Retirement Life Insurance Benefit Trust legitimate?
Agere Systems Inc Post Retirement Life Insurance Benefit Trust is a legitimate nonprofit organization registered as a 501(c)(9) entity. Agere Systems Inc Post Retirement Life Insurance Benefit Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Agere Systems Inc Post Retirement Life Insurance Benefit Trust?
The Agere Systems Inc Post Retirement Life Insurance Benefit Trust is established with the mission to extend life insurance benefits to eligible retired employees of Agere Systems LLC, a subsidiary of Avago Technologies Limited. This trust aims to ensure financial security for these retired employees, offering them a significant safety net in their post-employment period. By providing these benefits, the trust seeks to alleviate any potential financial burdens and contribute to the overall well-being of the retired employees. The trust's operations are focused on identifying and granting life insurance benefits to those who meet the eligibility criteria, thereby fulfilling its primary mission.
Who is the CEO of Agere Systems Inc Post Retirement Life Insurance Benefit Trust?
Steven Brown is the Institutional Trustee of Agere Systems Inc Post Retirement Life Insurance Benefit Trust.
What is the revenue of Agere Systems Inc Post Retirement Life Insurance Benefit Trust?
Agere Systems Inc Post Retirement Life Insurance Benefit Trust's revenue in 2022 was $526,651.
Who are the executives of Agere Systems Inc Post Retirement Life Insurance Benefit Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Agere Systems Inc Post Retirement Life Insurance Benefit Trust?
Agere Systems Inc Post Retirement Life Insurance Benefit Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Agere Systems Inc Post Retirement Life Insurance Benefit Trust
The Agere Systems Inc Post Retirement Life Insurance Benefit Trust is a mission-driven entity established with the primary objective of providing life insurance benefits to eligible retired employees of Agere Systems LLC, a subsidiary of Avago Technologies Limited. This trust serves as a means of financial security for these retired individuals, ensuring that they continue to receive life insurance coverage even after their retirement from the company. By offering this benefit, the trust aims to provide peace of mind and financial stability to the retired employees, helping them navigate their post-retirement life with confidence. The trust's mission is a testament to Agere Systems LLC's commitment to its employees, extending its care and support beyond their active employment.
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Impact
October, 2024
Agere Systems Inc Post Retirement Life Insurance Benefit Trust plays a significant role in enhancing the financial security and peace of mind for eligible retired employees of Agere Systems LLC. This trust provides life insurance benefits that can serve as a vital resource for retirees' families, ensuring that their loved ones have financial support in the event of the retiree's passing. Such benefits not only help cover funeral costs and immediate expenses but can also contribute to long-term financial planning for beneficiaries.
By offering these insurance benefits, the trust reinforces the commitment of Agere Systems LLC, a subsidiary of Avago Technologies Limited, to its employees, even after they have retired. This support fosters a sense of loyalty and community among current and former employees, highlighting the organization's dedication to their well-being. Overall, the trust is an essential aspect of the post-retirement benefits landscape, providing a safety net that can alleviate financial burdens during challenging times for retirees and their families.
This information is meant to be a general summary of Agere Systems Inc Post Retirement Life Insurance Benefit Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $526,651
- Gross Receipts: $2,751,781
Assets and Liabilities:
- Total Assets: $70,907,482
- Total Liabilities: -$708,451
- Net Assets: $71,615,933
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Organization Details
Founding Year
2002
Phone
(408) 433-8000Principal Officer
Steven Brown
Main Address
1110 AMERICAN PARKWAY NE, ALLENTOWN, PA, 181099138
NTEE Category
Code: Y43 - Mutual benefit
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